Can I Transfer Money From NSFAS Wallet To Bank Account?

Are you wondering if you can Transfer Money From NSFAS Wallet To Bank Account? then read this article because you are about to know if you can do so.

Can I Transfer Money From NSFAS Wallet To Bank Account?

The truth is you cannot Transfer Money From NSFAS Wallet To a Bank Account because the NSFAS Wallet itself is like a bank account.

Now see how you can Spend or use the Money in your NSFAS Wallet to pay bills below.

Sign your schedule of particulars (SOP)

  • Wait for NSFAS to send an SMS or email with a link to sign your SOP
  • Enter your ID number to receive a One Time Pin (OTP)
  • Enter OTP to accept SOP (if you are eligible to receive allowances)
  • You will automatically receive an SMS to welcome you to sBux

Recommended For you:- How to Unlock NSFAS Wallet | Complete Guide

Activate sBux

Receive SMS to welcome you to sBux

  • Dial *134*176#
  • Enter your ID number
  • You are now verified on sBux
  • Await SMS from NSFAS with your password
  • You will receive an SMS within 3 working days to inform you that the funds are available

Receive Vouchers

Save this code in your phone1

*134*176#

Sending your vouchers

USING YOUR VOUCHERS TO BUY / PAY

  • Dial *134*176#
  • Enter password
  • Choose Option 4 (pay)
  • Enter Merchant Code
  • Enter Amount
  • Press 1 to confirm

USING YOUR CASH VOUCHER

  • Dial *134*176#
  • Enter Password
  • Choose Option 1 (Cash Voucher)
  • Enter Amount
  • Voucher number will display on screen

WITHDRAWING CASH

You can withdraw cash at Shoprite, Checkers, Boxer, USAVE or selected Spar stores. Advise the cashier that you would like to with draw cash (maximum allowed is R1000 per pay at Shoprite, Checkers.

Read Also:- 7 Differences Between NSFAS and Funza Lushaka Bursaries

CREATING A CASH 

Dial *134*176# and enter your PASSWORD and select SEND

  • Select Option 1 to create a cash voucherand then SEND
  • Enter AMOUNT and SEND.

SPENDING YOUR VOUCHER

Dial *134*176# and enter your PASSWORD

  • Enter Option 3 to see your Voucher.
  • Provide VOUCHER to cashier at Shoprite / Checkers / USAVE / Boxer store to WITHDRAW cash or SPEND
  • Withdrawal limit at Shoprite, Checkers, USAVE and Boxer is R1000 per person per day.

See NSFAS Login – MyNSFSA Student Portal Login

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